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S&P 500 ends down; Apple dips ahead of quarterly report
Apple and chip shares fell ahead of earnings, while lower oil prices and Treasury yields reflected easing inflation concerns, analysts said.
- On Monday, the S&P 500 ended lower as Apple shares dipped ahead of its quarterly report, with the Nasdaq Composite falling 1.07% amid mixed trading across major indices.
- Investors focused on Tuesday's midterm elections, which will determine whether Democrats can wrest control of Congress from President Donald Trump's Republican Party, as polls suggest Democrats are likely to win the House.
- Brent crude prices fell as Iran indicated it was open to peace talks after eight months of war in the Middle East, reflecting optimism regarding a potential US-Iran peace agreement that helped ease energy costs.
- Oracle dropped after regulatory filings showed plans to raise $20 billion through debt and share sales, while Marvell Technology tumbled following its $115 billion all-stock deal to acquire optical components maker Lumentum.
- Following recent declines, the S&P 500 is valued at about 19 times expected earnings, while the Nasdaq fell 5.3% for the month amid concerns that massive spending on AI infrastructure is outpacing near-term cash generation.
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Stock Market Today: S&P 500, Nasdaq close lower as tech selloff deepens, but Dow rises and oil prices drop
The S&P 500 and Nasdaq Composite erased early gains to closer lower, as a brief bounce in technology stocks faded quickly. Meanwhile, the Dow rose as oil prices fell by the most in months.
·New York, United States
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The Straits Times
The Straits TimesS&P 500 ends down; Apple dips ahead of quarterly report
The S&P 500 ended lower on Monday as oil prices tumbled on optimism about a potential US-Iran peace agreement, while Apple shares dipped ahead of the iPhone maker's quarterly report and investors...
·Annecy, France
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Total News Sources13
Leaning Left0Leaning Right4Center5Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
C 56%
R 44%
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